Global sports drink market

Sports Drink Market Size, Share, Growth Analysis, By Distribution Channel(Online, Offline), By Type(Isotonic, Hypotonic, Hypertonic), By Packaging Type(Bottles (Pet/Glass), Cans, Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30C2140 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 89 | Figures: 76

Sports Drink Market Regional Insights

In terms of regional sales, North America comes in first, followed by Europe. However, the expanding fitness craze is also spreading to other areas and boosting sports drink market sales. The sports drink market in the Asia-Pacific region is predicted to rise rapidly as a result of rising rates of urbanization and an increase in the number of fitness facilities in nations like China and India. Due to the lack of calories or low-calorie content of the sweeteners used in the customization of the sports drink by the makers in the region, the sports drink market in the Asia-Pacific is also anticipated to develop at a rapid rate.

The sports drink market is influenced by fashion. The sports drink market is experiencing significant expansion due to rising concerns about physical fitness and living a healthy lifestyle. The main factor driving the sports drink market in the United States and, by extension, the North American sports drink market is the growing participation of the people in various sports and other fitness activities.

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Sports Drink Market size was valued at USD 25.75 billion in 2019 and is poised to grow from USD 26.82 billion in 2023 to USD 36.89 billion by 2031, growing at a CAGR of 4.08% in the forecast period (2024-2031).

PepsiCo Inc. and the Coca-Cola Company are only two of the major players that possess a considerable market share in the sports drink industry. Expansions, innovations, and the introduction of new products are the main strategies used by sports drink market participants to stay competitive. To differentiate their products from those already on the market, businesses have begun releasing new, creative items that incorporate natural components and additives. 'PepsiCo Inc', 'The Coca-Cola Company', 'Gatorade (a brand of PepsiCo Inc.)', 'Red Bull GmbH', 'Monster Beverage Corporation', 'Nestlé S.A.', 'Abbott Laboratories', 'Powerade (a brand of The Coca-Cola Company)', 'Lucozade Ribena Suntory Ltd', 'BA Sports Nutrition, LLC', 'BodyArmor', 'Xyience', 'FRS Healthy Energy', 'ABBOTT NUTRITION', 'Britvic plc', 'Aspire Food Group', 'The BUD Co. Ltd.', 'Rockstar, Inc.', 'The GURU Organic Energy Corp', 'The Swire Group'

One of the main factors boosting the demand for sports drinks is the rising propensity of the millennial generation for physical and fitness-related activities, rising purchasing power, and willingness to spend more for healthier alternatives. Additionally, this healthful beverage has a number of advantages, including lowering the risk of dehydration, replacing lost electrolytes through perspiration, and preserving the body's electrolyte balance. Therefore, raising consumer awareness of the product's health advantages is anticipated to spur the sports drink market to increase.

Natural ingredients are increasingly being used by manufacturers since they are healthier than traditional sports drinks, which presents a sports drink market expansion opportunity. For instance, a Chicago-based start-up called Good Sports introduced its natural sports drink comprised ofcomprising 97 %  dairy in February 2021. Three times of electrolytesmore electrolytes compared to conventional ones, these have 33 % less sugar and more electrolytes. Additionally, the growing numbers of people in developing and underdeveloped nations who are concerned about their health will increase sports drink market trends.

In terms of regional sales, North America comes in first, followed by Europe. However, the expanding fitness craze is also spreading to other areas and boosting sports drink market sales. The sports drink market in the Asia-Pacific region is predicted to rise rapidly as a result of rising rates of urbanization and an increase in the number of fitness facilities in nations like China and India. Due to the lack of calories or low-calorie content of the sweeteners used in the customization of the sports drink by the makers in the region, the sports drink market in the Asia-Pacific is also anticipated to develop at a rapid rate.

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Global sports drink market

Report ID: SQMIG30C2140

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